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Core Lithium to acquire two new lithium pegmatite projects in northern Australia

The acquisitions fit in with Core’s objective to make Darwin and the Finniss Lithium Project central processing and global lithium transport hub for northern Australia.

Core Lithium Ltd - Core Lithium to acquire two new lithium pegmatite projects in northern Australia
New projects have strong synergies with Core’s existing lithium projects

Core Lithium Ltd (ASX:CXO) has entered into agreements to acquire two new lithium projects in the NT adjacent to or near Core’s existing lithium interests.

The company has executed tenement sale agreements with Todd River Resources Ltd (ASX:TRT) to acquire EL 26848 (Walanbanba) and EL 31209 (Soldiers Creek) for an amount of $50,000 in Core shares for each project subject to Core completing satisfactory due diligence.

Soldiers Creek Project

  • Located near Core’s Finniss Lithium Project and Darwin Port
  • Multiple historic tin tantalum pegmatite mines similar to Finniss

Walabanba Project

  • Surrounded by Core’s Anningie and Barrow Creek Lithium Project
  • Multiple historic tin tantalum pegmatite mines similar to Finniss

Core’s Lithium Projects within significant lithium- tin-tantalum pegmatite provinces of the Northern Territory

Core believes there are strong synergies between the lithium potential of these new projects and their proximity to the company’s existing lithium projects and the direct rail link to Darwin Port.

These new acquisitions leverage Core’s position as Australia’s next lithium producer and strategy to make Darwin and Core’s Finniss Lithium Project a central processing and global transport hub for lithium and spodumene production.

Tenure for the Barrow Creek-Anningie Lithium Project on regional geology

Quick facts: Core Lithium Ltd

Price: 0.038 AUD

ASX:CXO
Market: ASX
Market Cap: $29.98 m
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